Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
World shares are mixed after losses for big technology stocks pulled major indexes lower on Wall Street
BANGKOK — Shares opened higher in Europe on Thursday after a mixed session in Asia following a Big Tech-led retreat on Wall Street.
Germany's DAX advanced 0.7% to 19,394.41 while the CAC 40 in Paris gained 0.6% to 7,185.13. Britain's FTSE 100 rose 0.2% to 8,290.37.
The futures for the S&P 500 and the Dow Jones Industrial Average edged 0.1% higher.
In Asian trading, Tokyo's Nikkei 225 index gained 0.6% to 38,349.06 and Australia's S&P/ASX 200 advanced 0.5% to 8,444.30.
South Korea's Kospi gained less than 0.1% to 2,504.67 after the central bank cut its benchmark interest rate to relieve pressure on its slowing economy.
The Bank of Korea cut its key rate by a quarter percentage point to 3% and lowered its outlook for the country’s economic growth from to 2.2% from 2.4% for this year and to 1.9% from 2.1% for 2025.
Chinese shares fell as investors sold to lock in profits from recent gains.
Hong Kong's Hang Seng index lost 1.2% to 19,366.96 and the Shanghai Composite index fell 0.4% to 3,295.70.
U.S. markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday.
Russia's ruble fell sharply against the U.S. dollar on Wednesday and was trading near its lowest level since the 2022 invasion of Ukraine, at 108.01 early Thursday, according to the Russian central bank.
On Wednesday, the S&P 500 fell 0.4% and the Dow fell 0.3%. The Nasdaq composite, which is heavily weighted with technology stocks, fell 0.6%.
The Commerce Department reported that the U.S. economy expanded at a healthy 2.8% annual pace from July through September, leaving its initial estimate unchanged. The growth was driven by
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